BCM ON PERSONAL FINANCE
Updated
December, 2017
Funding retirement requires years of preparation and many Americans are not prepared. Part of the problem is not fully understanding the real cost of retirement, particularly in regions with a high cost of living such as the San Francisco Bay Area.
Updated
January, 2019
Many people experience "loss aversion" or the cognitive tendency to prefer not losing over gaining. While the fear of loss is understandable, it can lead to irrational financial decisions.
Updated
November, 2017
Everyone has heard the term "time is money." When it comes to investing, time can also work for or against you. Understanding the relationships between time, money, and growth is key to successful investing.
Updated
April, 2019
Successful investing is really quite simple, it boils down to buy low and sell high. But simple is not easy and many people end up buying high and selling low instead. Behavioral Finance seeks to explain how and why this happens.
Updated
June, 2018
Financial services professionals like wealth managers, investment consultants, and financial advisors may all look the same, but can be very different. It is important for individual investors to understand the differences and why they matter.
Updated
March, 2019
Roth IRAs have been gaining popularity but they may not provide the financial benefits expected. Whether to favor Roth or Traditional IRAs really boils down to personal needs and goals, here are some points to consider.